Review on TrueUSD by Oliwier Adler

Name: TrueUSD
Item: TrueUSD
Rating: 5

June 17, 2019

trueusd

TrueUSD (TUSD) was created to address these important issues and to meet the robust demand from traders looking for a completely collateralized coin. In a short time, they rose to a value of more than twelve million dollars. To use TrueUSD (TUSD), you will need to use your fiat currency which will be held in an escrow account. In fact it never deals or touches your fiat currency directly.

Presence of escrow accounts ensures legal protection as well as 3rd party validation. Your TrueUSD (TUSD) coin remains on parity with the US dollar. TrueUSD (TUSD) has been constructed around the TrustToken platform which enables everyone to tokenize or create tokens backed by assets for global trading. TrueUSD happens to be the first token (asset backed) on the TrustToken platform.

The TrueUSD (TUSD) coin is very stable and has a fixed price. A majority of these coins are pegged to the price of a cryptocurrency in a particular fiat currency. The nice thing about the coin is its stability. Compared to other coins like Basecoin and MakerDAO, which work on protocol basis, the TrueUSD is backed by assets. It offers a number of benefits over other stablecoins including being redeemable to anyone who has passed his or her KYC and Anti-Money Laundering checks.

The True USD is also backed by the American dollar and so is able to act like a stable currency for digital exchange. The best part is each coin is completely collateralized by the American dollar and can be held in your bank with complete transparency.
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